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Shrinking China trade likely to curb S'pore, HK banks' profits

Tuesday, July 21, 2015 - 05:50

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The business of financing China's trade is shrinking, curbing what had been a fast-growing revenue stream for banks in Hong Kong and Singapore over the past decade.

Singapore

THE business of financing China's trade is shrinking, curbing what had been a fast-growing revenue stream for banks in Hong Kong and Singapore over the past decade.

Since reaching a peak of about US$145 billion in June last year, the value of trade loans provided by

sentifi.com

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